Multiple Choice
The carrying value of a $500,000,4 year note with an 8 percent face rate (paid semiannually) that was issued to yield 9 percent is $491,031.19.What is the interest expense for the next interest period?
A) $20,000.00
B) $19,641.25
C) $22,096.40
D) $44,192.81
Correct Answer:
Verified
Correct Answer:
Verified
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